Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>The US oil and gas rig count declined by two to 585 for the week ending 04/Oct, marking the seventh drop in eight weeks.</li>
<li>The US oil rig count fell by five to 479, its lowest since 19/Jul. Gas rigs rose by three to 102, marking its third straight weekly gain.</li>
<li>For the week ending 04/Oct, US energy producers added two rigs in Texas but cut three in New Mexico and one each in Louisiana and Oklahoma.  </li>
</ul>


The US oil and gas rig count declined by two to 585 for the week ending 04/Oct, marking the seventh drop in eight weeks.
The US oil rig count fell by five to 479, its lowest since 19/Jul. Gas rigs rose by three to 102, marking its third straight weekly gain.
For the week ending 04/Oct, US energy producers added two rigs in Texas but cut three in New Mexico and one each in Louisiana and Oklahoma.  


US Rig Count Falls for Third Straight Week as Oil Rigs Decline

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Brent oil futures trading in line with fair value, with bullish bias in options, as volume of bullish calls hit record high</li><li>Ongoing conflict between Israel and Iran raising concerns about further escalation, with recent attacks and strikes indicating potential for heightened tensions</li><li>Global oil inventories are significantly lower than in previous years, potentially impacting market dynamics and prices as demand and inventory levels play a key role</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Brent oil futures trading in line with fair value, with bullish bias in options, as volume of bullish calls hit record highOngoing conflict between Israel and Iran raising concerns about further escalation, with recent attacks and strikes indicating potential for heightened tensionsGlobal oil inventories are significantly lower than in previous years, potentially impacting market dynamics and prices as demand and inventory levels play a key roleThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: This time, it feels different

Podcast series by Dean Curnutt, Alpha Exchange

Alpha Exchange

Podcast series by Dean Curnutt

The Alpha Exchange is a podcast series launched by Dean Curnutt to explore topics in financial markets, risk management and capital allocation in the alternatives industry. Our in depth discussions with highly established industry professionals seek to uncover the nuanced and complex interactions between economic, monetary, financial, regulatory and geopolitical sources of risk. We aim to learn from the perspective our guests can bring with respect to the history of financial and business cycles, promoting a better understanding among listeners as to how prior periods provide important context to present day dynamics. The “price of risk” is an important topic. Here we engage experts in their assessment of risk premium levels in the context of uncertainty. Is the level of compensation attractive? Because Central Banks have played so important a role in markets post crisis, our discussions sometimes aim to better understand the evolution of monetary policy and the degree to which the real and financial economy will be impacted. An especially important area of focus is on derivative products and how they interact with risk taking and carry dynamics. Our conversations seek to enlighten listeners, for example, as to the factors that promoted the February melt-down of the VIX complex. We do NOT ask our guests for their political opinions. We seek a better understanding of the market impact of regulatory change, election outcomes and events of geopolitical consequence. Our discussions cover markets from a macro perspective with an assessment of risk and opportunity across asset classes. Within equity markets, we may explore the relative attractiveness of sectors but will NOT discuss single stocks.

<ul><li>Option prices are a valuable tool for studying market trends and risk premium</li><li>Gold's unique properties make it a valuable asset for portfolio diversification and defense against government chaos</li><li>The oil VIX index, OVX, provides insights into market risk and volatility in the oil market, with potential implications for broader market trends</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Option prices are a valuable tool for studying market trends and risk premiumGold's unique properties make it a valuable asset for portfolio diversification and defense against government chaosThe oil VIX index, OVX, provides insights into market risk and volatility in the oil market, with potential implications for broader market trendsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul>
<li>For the week ending 27/Sep, US crude inventories rose by 3.9m barrels, contrasting expectations of a 1.5m barrel drawdown. Gasoline stockpiles also unexpectedly grew.</li>
<li>US natural gas inventories rose 55 Bcf for the week ending 27/Sep, lower than analyst expectations of a 59 Bcf buildup. Inventories are 5.7% above the 5-year seasonal average.</li>
<li>Chevron, Shell, Halliburton, and Schlumberger have all experienced target price downgrades, while Exxon Mobil received an upward revision to its target price. Notably, Goldman Sachs downgraded Occidental to Neutral.</li>
</ul>


For the week ending 27/Sep, US crude inventories rose by 3.9m barrels, contrasting expectations of a 1.5m barrel drawdown. Gasoline stockpiles also unexpectedly grew.
US natural gas inventories rose 55 Bcf for the week ending 27/Sep, lower than analyst expectations of a 59 Bcf buildup. Inventories are 5.7% above the 5-year seasonal average.
Chevron, Shell, Halliburton, and Schlumberger have all experienced target price downgrades, while Exxon Mobil received an upward revision to its target price. Notably, Goldman Sachs downgraded Occidental to Neutral.


[ETP 2024/40] WTI Prices Surge as Iran-Israel Tensions Rise; Nat-Gas Rallies on Output Cuts

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul>
<li>Take aways: Risk premium in crude oil compressing due to Israel calling Iran’s game of chicken. Fade the strength in assets connected to the real economy.</li>
<li>Supply is still the biggest risk in crude oil. Strike risk in the US means Mexico is an opportunity.</li>
<li>Israel launched ground operations in southern Lebanon overnight, aiming to push Hezbollah away from areas near the border.</li>
</ul>


Take aways: Risk premium in crude oil compressing due to Israel calling Iran’s game of chicken. Fade the strength in assets connected to the real economy.
Supply is still the biggest risk in crude oil. Strike risk in the US means Mexico is an opportunity.
Israel launched ground operations in southern Lebanon overnight, aiming to push Hezbollah away from areas near the border.


The Drill: This Chinese stimulus is aimed at the financial economy and NOT commodities

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

US Rig Count Falls for Third Straight Week as Oil Rigs Decline

For the week ending 04/Oct, the US rig count fell by 2 to 585. Oil rigs dropped by 5, while gas rigs rose by 3 again.US oil and gas producers added...

Mint Finance

Global Commodities: This time, it feels different

Overall, the oil market is currently stable but facing potential risks from geopolitical tensions and supply concerns, with options trading showing...

At Any Rate

Option Prices are Singing

An analysis of option prices in markets like gold and oil can provide valuable insights into market conditions and help investors manage risk...

Alpha Exchange

[ETP 2024/40] WTI Prices Surge as Iran-Israel Tensions Rise; Nat-Gas Rallies on Output Cuts

WTI rose amid heightened supply concerns after Iran's missile attacks on Israel, yet long-term demand worries persist. US nat-gas reached a 16-week...

Mint Finance

The Drill: This Chinese stimulus is aimed at the financial economy and NOT commodities

Take aways: Risk premium in crude oil compressing due to Israel calling Iran’s game of chicken Fade the strength in assets connected to the real...

Steno Research

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